#1
#1 out of 1
technology3h ago
Nvidia and UK Wealth Fund invest in British autonomous driving startup Oxa
- Nvidia and the UK National Wealth Fund invest in Oxford autonomous driving startup Oxa in a $103 million round.
- Oxa is an Oxford-based firm developing software for self-driving industrial vehicles.
- BP Ventures is among the investors backing Oxa alongside existing shareholders.
- Oxa plans to expand globally, moving beyond passenger autonomy to industrial driving tasks.
- Oxa’s co-founder Paul Newman says the company targets universal autonomy for various environments.
- The UK government views the investment as strengthening the country’s position in automated mobility.
- Oxa aims to address automation in ports, airports, and factories with its software and robotics tech.
- Existing investors include IP Group and Hostplus, alongside BP Ventures.
- Oxa's expansion comes after government grants and prior government support for autonomy initiatives.
- The deal signals strong private and public sector collaboration to boost UK tech.
Vote 0